BP p.l.c. (NYSE:BP) shares are trading lower today. The company disclosed that it is forming a strategic partnership with Audi in Formula 1. The deal aligns the companies’ technical expertise and innovation drive to influence the future of motorsport as Audi prepares to enter F1 in 2026 under new FIA regulations emphasizing enhanced electrification and sustainable fuels. In their new partnership, BP and its Castrol lubricants division are teaming up with Audi to enhance performance in Formula 1. The partnership involves developing Advanced Sustainable fuel, as mandated by the FIA F1 Technical Regulations starting in 2026. To comply with regulations, this fuel must achieve a minimum ...